The bonus pool is likely to rise this year, but not everyone will run out winners.
Bloomberg New reports that incentive pay will probably rise the most in investment-banking advisory services, at private-equity firms and prime brokerages and for asset- and wealth-managers, Johnson said in a report May 12.
Financial firms are poised to increase assets under management and benefit from an uptick in mergers and acquisitions, and independents facing fewer regulations may win business from larger banks, Johnson said.
'This is really a sea change', Alan Johnson, founder and managing director of the consultant, said in a phone interview. 'It’s been coming and coming and now it’s finally apparent that the largest paychecks don’t come from Wall Street banks'.
To access the complete Bloomberg article hit the link below: